TopFX Broker – STP Trading Model and Partnership With Barclays
If you are a forex investor, you may be wondering whether to use TopFX as your broker. This broker is CySEC-regulated and offers 60 currency pairs. It also has a partnership with Barclays. This article will provide you with more information about this broker. You will learn about its STP trading model and its partnership with Barclays.
TopFX is regulated by CySEC
TopFX is a Cyprus-based Investment Firm that is regulated by CySEC. They have been licensed under license number 138/11 under the Markets in Financial Instruments Directive II, ensuring that their services are fair and safe for investors. They also have an offshore entity registered in the Seychelles, which is regulated by the Financial Services Authority.
CySEC has strict rules about the way brokers conduct business. They require that they maintain segregated bank accounts for all client funds and maintain a compensation fund for negligent losses. They also expect a detailed description of all products and services offered by a broker. If they fail to meet these rules, they can face heavy penalties and their operating license could be cancelled.
TopFX is a Cyprus-based broker that offers access to over a thousand different financial markets. The company offers a number of trading terminals, including the MetaTrader 4 and cTrader trading platforms. It also provides an intuitive copy trading solution. The broker is regulated by CySEC, the UK Financial Conduct Authority and the Seychelles Financial Services Authority.
Another CySEC-regulated broker is HFM. This company is a market maker broker that offers multiple trading platforms, full support for MT4 and MT5, and institutional-grade liquidity. In addition to low-latency execution, this company also provides a wide range of trading tools, including Autochartist, Premium Trading Tools, and VPS services.
It is an STP forex broker
TopFX broker is an STP forex brokerage based in Cyprus that offers competitive spreads, high standards, and a wide range of investment opportunities. The company is regulated by the CySEC and the UK’s Financial Conduct Authority, and has won many awards. It offers clients a choice of trading platforms including advanced cTrader and copy trading. However, one notable drawback is a lack of education materials and support for different languages. However, overall, this broker’s STP trading model is superior to others and it has been praised for its success and many awards.
TopFX offers a range of customer support methods, including email, e-mail, live chat, and an office visit. Clients should contact customer support services with any questions or concerns, and you can be assured that any request you make will be handled promptly and efficiently.
STP forex brokers are similar to ECN brokers in that they pass client orders directly to the market, without the use of a dealing desk. STP brokers offer a transparent trading environment without the risk of a conflict of interest. The benefit of trading with an STP broker is that you’ll be able to execute transactions with less hassle and lower costs.
Another benefit of STP is that you don’t have to deal with any requotes. Since STP brokers choose between multiple liquidity providers, they can choose the best bid and ask spreads for their clients without affecting the liquidity of the market. This makes STP trading more suitable for news trading and scalping.
Another advantage of an STP forex broker is that you’ll have commission-free trades. These benefits can be more advantageous than ECN ones.
It offers 60 currency pairs
TopFX is a Cyprus-based broker with MT4 and cTrader trading platforms. It offers copy trading and competitive trading conditions for its clients worldwide. TopFX offers leveraged trading on 60 currency pairs. The broker also offers a portfolio management service, which utilizes a proprietary strategy and is supervised by expert traders. With this, you can benefit from an increased level of price stability and execution speed.
The spread for currency pairs varies depending on the type of account you open. With a standard account, the spread for currency pairs can be as low as 1 pips. A raw account, on the other hand, offers spreads of 0 pips. Traders can choose from over 60 forex pairs with a leverage of up to 1:30. The minimum trade size is 0.01 lots.
In addition to the 60 currency pairs available, TopFX has a variety of trading instruments. These include all major and minor currencies, as well as some exotic ones. It also offers exchange-traded funds and major stock indices. Moreover, you can trade in over 200 single stocks from the US and Europe.
TopFX offers 14 cryptocurrency pairs, with leverage up to 1:10. You can also trade in crypto through CFDs, without the hassle of maintaining a cryptocurrency wallet. Besides, it doesn’t require additional transaction fees, and there’s no risk of malicious third-party attacks. The broker also offers CFDs on Brent Crude Oil, WTI, and Natural Gas.
It has partnered with Barclays
Barclays’ ePrime trading platform allows traders to trade with low latency. It also allows them to offset trades, which reduces risk and capital requirements. The bank also closely scrutinises prospective clients to better understand their risks. This collaboration will allow both banks to better serve their clients.
Barclays’ risk management has garnered plaudits from clients, and its integration with TopFX is a good fit for both sides. Barclays’ GNA and ePrime platforms give it a clear view of the risk a client is taking. This makes it possible for Barclays to collaborate with clients on margin decisions. Unlike other providers, Barclays is able to use this technology to better manage client assets.
The Barclays hedge fund due diligence process is rigorous. It involves executives from different departments and functions. They also examine risk parameters and control functions. This ensures the stability of the wider platform. Moreover, the company offers tight spreads and quick execution. Finally, the firm’s fees are reasonable.
The Barclays-TopFX partnership will further enhance both companies’ reputations in the financial markets. Barclays’ prime brokerage business has soared by 11% annually since 2016. The firm is now the fifth largest prime broker outside of the US. Barclays has also gained business from Credit Suisse and former hedge fund clients of Deutsche Bank. This is an important step in improving Barclays’ reputation as a trusted and reliable broker.
While it may seem like a great partnership, it is still possible to find better trading conditions with another broker. TopFX has an MT4 platform that is easy to use for beginners. Moreover, the broker provides excellent support for its clients.
It offers free courses
TopFX is a broker that caters to both retail investors and brokers. While some brokers charge for their courses, TopFX offers them for free. These courses are designed for those who want to increase their knowledge about the market. In addition to offering free courses, TopFX also offers free trading courses and educational webinars in Italy and Thailand.
TopFX offers over 80 currency pairs and stocks, as well as cryptocurrencies, metals, and energy. It also offers trading platforms such as MT4 and cTrader and over 45 forex pairs. Traders should know that there is no minimum deposit to open an account with TopFX.
TopFX offers many different types of trading products and services to help new traders. These include CFDs on forex, indices, shares, and metals. The trading platform features interactive charting, 9 timeframes, and 30+ technical analysis indicators. The platform also allows one-click trading and Expert Advisors. The platform also offers free webinars and educational courses for newcomers.
TopFX has access to the largest financial markets in the world and offers advanced cTrader and MT4 platforms. The broker is based in Cyprus and operates with strict regulation. It offers free webinars and a professional MQLsuite for MT4 and cTrader. Traders can also request free webinars from their account managers.